IFFCO to invest Rs. 262.15 crore in Triumph Offshore Pvt. Ltd.

Posted On:
2019-08-23 14:39:38

The Board of M/s Indian Farmers fertilizer Cooperative Limited (IFFCO) has approved the proposal for making investment of Rs. 262.15 Crore by subscribing 26.215 Crore equity shares of Rs. 10/- each at par in Triumph Offshore Pvt. Ltd. (TOPL), 100% subsidiary of the Company.

In this regard, a 'Share Subscription and Shareholders Agreement' (SHA) has been executed between TOPL, IFFCO and the Company.

Post allotment, the shareholding pattern of the TOPL will be as under: